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  • #855,641
  • Nov 22, 2013 9:22am Nov 22, 2013 9:22am
That previous monthly open yellow thingie is right in the mid of current consolidation zone. Wonder what number are we fighting for.
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"I know one thing, that I know nothing." Sokrates
  • #855,642
  • Nov 22, 2013 9:23am Nov 22, 2013 9:23am
Where it plunged, last resistance channel of upper range.

Pivot 1.3545-55.

last upper range. 1.3555-1.3580 during Asia's hour from that ben's spike.

Above = bullish view breakout.

current holding below news candle.
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  • #855,643
  • Nov 22, 2013 9:25am Nov 22, 2013 9:25am
Quoting TauTrader
{quote} good day, Scalped towards - but getting out early. Wife is glaring.. Regards {image}

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  • #855,644
  • Edited 9:59am Nov 22, 2013 9:27am | Edited 9:59am
Quoting moneymove
All in?
Always allin against one player preflop with pair. You got 52%. Unless he´s got a pair. Need to find out from the look in his eyes. Dunno how to do it with picture of panda.
edit: udinho no offence, but you should read some basic mechanics of market. Do you actually know what happens when you click with your mouse on that button? How the order goes to broker, how he sends it to liquidity provider and stock exchange, how they both quote prices back and after it is all settled, you see you bought it? There is lots and lots of space between these mechanics to rob a client. And its not like it was only broker stealing. Wall Street steals from liquidity provider. Liquidity provider steals from broker. Broker steals from you. Remember Libor scandal? That was a pro theft of grand scale. Quotation of price goes through many and many places. Just have a look at our charts, everyone has a bit different numbers.
edit: Well in case you are talking about someone pushing billions into the market just to hunt SL, yes, that is possible as well, but very expensive. All orders from brokers go through liquidity provider to interbank market. And such a liquidity provider, like JPMorgan, actually sees orders of all brokers connected to him, so he can see somwhere is big SL cluster and, just for the sake of example, decides if he pushes 2 billions in, moves price 2 pips, quotes 1 pip wrong, make 1 pip slippage, and these 4 pips are gonna hit that SL cluster and market starts to rally. This actually can happen, but it is so complex nonscence it makes no sence taking care about it. It is like if you were complaining about taxes and politicians stealing them. They just do, better live with it.
1 more edit: Btw, thats why you should use regulated brokers, no Cyprus, no Mauricius. They just quote you wrong price, dont care, take your money and go bankrupt. Easy peasy.
"I know one thing, that I know nothing." Sokrates
  • #855,645
  • Nov 22, 2013 9:31am Nov 22, 2013 9:31am
Quoting gatorinla
{quote} s/o this one above and 3473 for -2% short again 3533 and 3517..
hi gator,
do you personally believe sl hunting in forex market?
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #855,646
  • Nov 22, 2013 9:36am Nov 22, 2013 9:36am
Quoting ud1nh0
{quote} hi gator, do you personally believe sl hunting in forex market?


The Phoenix Trader....
  • #855,647
  • Nov 22, 2013 9:37am Nov 22, 2013 9:37am
Quoting Tom_D_Trader
{quote} Dunno how to do it with picture of panda.

still searching how to deal with this problem.
That which does not kill us makes us stronger
  • #855,648
  • Nov 22, 2013 9:42am Nov 22, 2013 9:42am
Quoting sunilpawar
{quote}


check oan** broker testimoni on fpa
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #855,649
  • Nov 22, 2013 9:50am Nov 22, 2013 9:50am
Quoting BlueCirrus
{quote} ...Might be some resistance at 1.353x... {image} {image} {image} {image}

Only minor resistance so far....
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  • #855,650
  • Nov 22, 2013 9:51am Nov 22, 2013 9:51am
Quoting ud1nh0
{quote} hi gator, do you personally believe sl hunting in forex market?

what does it matter? if one believes in s/l hunting, why dont one study where they think it happens, and trade with the buggy-man instead of against him.. we go down 100 pips and we bounce 50 and some say its s/l hunting. it sounds more like, a lack of trading skills. And many do the same thing over and over and expect a different result.
those who can, do. those who cant, talk about those who can
  • #855,651
  • Nov 22, 2013 9:58am Nov 22, 2013 9:58am
imo, gameover for the week. Catch you next week. GL
  • #855,652
  • Nov 22, 2013 9:58am Nov 22, 2013 9:58am
Quoting gatorinla
{quote} what does it matter? if one believes in s/l hunting, why dont one study where they think it happens, and trade with the buggy-man instead of against him.. we go down 100 pips and we bounce 50 and some say its s/l hunting. it sounds more like, a lack of trading skills. And many do the same thing over and over and expect a different result.

there's 2 kind situations that :
1. pip spread widen abnormally at some event causing tight sl hit.
2. long/short ratio on the pair that too imbalance causing sl hunting.

is my 2 statements above all correct? or only number 1 correct?or only number 2 correct?
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #855,653
  • Edited 10:17am Nov 22, 2013 10:05am | Edited 10:17am
Quoting ud1nh0
{quote} there's 2 kind situations that : 1. pip spread widen abnormally at some event causing tight sl hit. 2. long/short ratio on the pair that too imbalance causing sl hunting. is my 2 statements above all correct? or only number 1 correct?or only number 2 correct?

and when where does this usually happen?
what imbalance, no trades can be made w/o a = trade in the other direction.
just because u want to sell at a certain price doesn't mean its matched at that price with a willing buyer.
those who can, do. those who cant, talk about those who can
  • #855,654
  • Nov 22, 2013 10:05am Nov 22, 2013 10:05am
Quoting Tom_D_Trader
{quote} Always allin against one player preflop with pair. You got 52%. Unless he´s got a pair. Need to find out from the look in his eyes. Dunno how to do it with picture of panda. edit: udinho no offence, but you should read some basic mechanics of market. Do you actually know what happens when you click with your mouse on that button? How the order goes to broker, how he sends it to liquidity provider and stock exchange, how they both quote prices back and after it is all settled, you see you bought it? There is lots and lots of space between...

hey, u answered me before i posted it...cool man
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #855,655
  • Nov 22, 2013 10:07am Nov 22, 2013 10:07am
Post us a chart Udinho. Am pretty sure you got some Cyprus bucketshop broker and what you saw was not SL hunt in the meaning of invested cash in direction to start a rally, but simply spread theft. My spread sometimes jumps up to 2 pips after NY close (regular 0,2), but imo shouldnt be much more. Nevertheless, there are some occasions like high news (ECB cut), when there are so much orders spread jumps superhard (like 20 pips for example). But thats normal. If your spread is jumping hard in regular trading hours while there are no news, it is suspicious at least.
edit: Anyway, dont post it only to us, but post it to your broker. Thats what I do when he is sending me BS. He sometimes does, the´r all thieves anyway. Funny thing, you know what my broker is doing to me? He crashes trading platform during high news. Last time it crashed during ECB cut. If I wasnt short and didnt have SL.... FO Tom. So, beware .
"I know one thing, that I know nothing." Sokrates
  • #855,656
  • Nov 22, 2013 10:08am Nov 22, 2013 10:08am
Quoting gatorinla
{quote} and when where does this usually happen? what imbalance, no trades can be made w/o a = trade the other direction.

nfp news. or other big sudden news.

wait im gonna try to understand this sentence "no trades can be made without a trade the other direction."
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #855,657
  • Nov 22, 2013 10:15am Nov 22, 2013 10:15am
I´ll summarize this week..(Big Text)

This week has been: Interesting
  • #855,658
  • Nov 22, 2013 10:15am Nov 22, 2013 10:15am
Quoting ud1nh0
{quote} nfp news. or other big sudden news. wait im gonna try to understand this sentence "no trades can be made without a trade the other direction."

if u know what time nfp (other news also) release is . and your worried about spreads during this. why would u trade it?
and if u are, isn't that doing the same thing and expecting a different result?
those who can, do. those who cant, talk about those who can
  • #855,659
  • Nov 22, 2013 10:16am Nov 22, 2013 10:16am
Looks like about to break but U/CHF is in opposite direction

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  • #855,660
  • Nov 22, 2013 10:20am Nov 22, 2013 10:20am
Quoting gatorinla
{quote} and when where does this usually happen?
Quoting ud1nh0
{quote} nfp news. or other big sudden news."
Quoting Tom_D_Trader
Nevertheless, there are some occasions like high news (ECB cut), when there are so much orders spread jumps superhard (like 20 pips for example). But thats normal.
No stress Udinho. Just beware. Broker has to make bigger spread, because there is so much orders there he actually could go bankrupt as well. You see, during these high news, broker is receiving so much orders at the same time, that systems lag. Broker has full system and is slower. This is yet again just for the sake of example, but lets say normally it takes 0,25 seconds for a broker to send your order to Interbank, 0,25 to receive quotation and 0,25 till you see it on screen. But during these times, its like 1,5 seconds till he sends it 1,5 till he receives and 1,5 till you see it. Thats a load of time and although you clicked on some price there are so many orders there price may not be available in those 4,5 seconds. So he needs to widen spread as otherwise he would promise you some price he didnt actually get. The more important news, the wider spread.
edit: I actually like this topic, so allow me to expand. Afterall, its Friday.
During these times, imagine broker has thousands of orders at the same second when data were released. So, if invested enough cash in robbing his clients and has powerfull IT, he can sort em bit. You clicked exactly the same time like the other guy, but you have much more closer SL for example and broker knows SL is so close he can just make news spread and hit you. So opens counterposition against you, gives you worse price and hits SL. Need to have a system for this, which is actually kinda funny.
"I know one thing, that I know nothing." Sokrates
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